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1、International Commercial Terms Analysis,EXW,A trade term requiring the seller to deliver goods at his or her own place of business. All other transportation costs and risks are assumed by the buyer. At Sellers Premises Any Mode,FCA,The seller to deliver goods to a named airport, terminal, or other p
2、lace where the carrier operates. Costs for transportation and risk of loss transfer to the buyer after delivery to the carrier. Named Place of Delivery Any Mode,FAS,The seller delivers when the goods are placed alongside the buyers vessel at the named port of shipment. Named Port of Shipment Only fo
3、r Sea or Inland Waterway Transport,FOB,The seller must advance government tax in the country of origin as commitment to load the goods on board a vessel designated by the buyer. named port of shipment only for sea or inland waterway transport,CPT,The seller pays for carriage. Risk transfers to buyer
4、 upon handing goods over to the first carrier at place of shipment in the country of Export. Buyer fully responsible for arranging carrier payment of freight for same Export clearance in Exporting country and Import clearance in Importing country, not responsible for buying Insurance. named place of
5、 destination Any Mode,CFR,Seller must pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods are loaded on the vessel. Insurance for the goods is NOT included. named place of destination only for sea or inland waterway transp
6、ort,CIF,Exactly the same as CFR except that the seller must in addition procure and pay for the insurance. named port of destination only for sea or inland waterway transport,CIP,The containerized transport/multimodal equivalent of CIF. Seller pays for carriage and insurance to the named destination
7、 point, but risk passes when the goods are handed over to the first carrier. named place of destination Any Mode,DAT,This term means that the seller covers all the costs of transport (export fees, carriage, insurance, and destination port charges) and assumes all risk until after the goods are impor
8、t duty/taxes/customs costs. (named place of destination Any Mode,DDU,This term means that the seller delivers the goods to the buyer to the named place of destination in the contract of sale. A transaction in international trade where the seller is responsible for making a safe delivery of goods to
9、a named destination, paying all transportation expenses but not the duty. The seller bears the risks and costs associated with supplying the goods to the delivery location, where the buyer becomes responsible for paying the duty and other customs clearing expenses. named place of destination Any Mod
10、e,DEQ,This is similar to DES, but the passing of risk does not occur until the goods have been unloaded at the port of discharge. named place of destination only for sea or inland waterway transport,DES,Where goods are delivered ex ship, the passing of risk does not occur until the ship has arrived
11、at the named port of destination and the goods made available for unloading to the buyer. The seller pays the same freight and insurance costs as he would under a CIF arrangement. named place of destination only for sea or inland waterway transport,DDP,Seller is responsible for delivering the goods
12、to the named place in the country of the buyer, and pays all costs in bringing the goods to the destination including import duties and taxes. The seller is not responsible for unloading. named place of destination Any Mode,DAF,This term can be used when the goods are transported by rail and road. T
13、he seller pays for transportation to the named place of delivery at the frontier. The buyer arranges for customs clearance and pays for transportation from the frontier to his factory. The passing of risk occurs at the frontier. Named border,Differences between incoterms 2000 and 2010,Two changes fo
14、r the FOB incoterm: the sellers reponsibility extends until the goods are “on board the vessel” rather than “past the ship rail” (a small technical difference), and the seller must package the goods rather than provide the packaging (its nice to get this clarified, even though in practice it was usually already the case). Under CIF, the seller is required to pay for more insurance than previously. The DEQ incoterm is replaced by DAT (with a slightly different meaning). The DAF, DES, and DDU incoterms are replaced by DAP.,
